Hello, everybody. My name is Daniel Prince, and I'm the host of the Once Bitten podcast.
This is a podcast focused on Bitcoin. It's my mission to interview as many people as I can
around the different aspects of Bitcoin and help people understand exactly what Bitcoin could mean
for them and for their families and for their future. I hope you enjoy the show. Thank you so
much for listening. Hello everybody and welcome to this episode of the Once Bitten podcast.
Joining me today, Michael and Pavla Niedler, I hope I've pronounced that as best as I can
in my best check, are joining me from a company that they have helped build out in the Bitcoin
space called InBiti. And we're going to talk about that. That's a place now in Europe where
you can download the app they have their meka license as well you can download the app and
start stacking bitcoin today this is a family team that are behind pushing this as hard as they
possibly can and the reason is a calling something happened to them a life death experience at sea
in their sailboat with their two young children on board adrift with a broken mast and they swore
that if they were to ever survive that experience they were going to make a difference in the world
in the best way that they could think and that would obviously have something to do with bitcoin
so that is a huge spoiler alert so if you've bought the audio only version you're just going
to get straight into the story uh but it's such a great story that um i'm so happy that they came on
to to share it with you and i hope that um you get to meet them if you go to btc prague this year
you can and will meet them because they are really doing a great job of trying to get as much
education out there for families so btc prague this year is going to be a lot more centered around
family education because they're a young family themselves two young kids and they understand the
importance of where this is going and why we need to be able to save our money and have a money a
sound money that gains in purchasing power rather than loses over time so thank you both for coming
on before we get into the show a quick shout out as always to the show sponsors we have orange pill
app which is now club orange if you're not on the club orange app you 100 should be hit the link in
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again you will find the bitbox team at many of the conferences that they travel around so you'll
be able to approach them in person if you want to get to a conference you've got btc ireland
coming up in May, BTC Prague in June, BTC Hell in Helsinki in September. These three conferences
are offering listeners a 10% discount on all tickets purchased. All you need to do is look
at the show notes, hit those links, get redirected, plan your year ahead, bring your families,
make sure you offer tickets to your friends, like get as many people on board as you can,
or if nobody wants to go with you, go solo and make a bunch of new friends.
I've seen this happen so many different times in different parts of the world.
Bitcoiners turn up solo because they're just sick and tired of being the only one that cares about Bitcoin
and then all of a sudden, bam, they've found their people.
They have the most amazing time.
So take advantage of the discount.
Bitten, B-I-T-T-E-N.
Hit the link in the show notes.
Now, are you based in the UK or maybe you're visiting the UK and you want to find a meetup?
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This is a weekly newsletter written by a Bitcoiner from the UK who trawls all of the events and gets everything updated so you know what's going on.
themeatupbreakdown.com.
Meanwhile, enjoy this one with Michael and Pavla.
Okay, Michael, Pavla, lovely to have you on the show.
It's great to be here.
Thank you for invitation.
You're welcome.
And we got to meet at the Trezor event back in November.
And a big shout out to Martin Kutcher, who said, Daniel, you need to come and speak to these guys.
You've got a lot in common.
Obviously, Bitcoin we had in common.
But then taking our kids out of school and starting a world schooling trip.
We did it back in 2014.
You guys have done it more recently and you did it on a sailboat.
And we'll get into all of that because that is the story that just is absolutely incredible.
But before we do, I think it's best if we start a little bit further back in your lives,
just to give the listeners a little kind of, you know, who you are, wherever you come from,
What kind of fiat careers were you in?
And just an introduction into, you know, what shaped you.
And then we'll get into the Bitcoin stuff.
And then we'll get into the world schooling stuff.
And then we'll get into what you're building in the Bitcoin space as well.
Cool.
Do you want to start by this first?
Normally, yes.
But I think in this case, you should go ahead because I joined kind of his life later.
Well, and since then my life has changed dramatically.
Well, what I did is when I was studying the university,
I established an advertising agency actually,
because that was the easiest way how to utilize my laptop and my cell phone
and make some money to cover my expenditures,
which were connected to university, etc.
And then I realized, actually, I have 40 employees,
and then I realized I don't have time to go to the university.
And so I didn't finish my university because there were so many
necessities to deal with in the business.
Was this in Czech Republic?
That was in Prague.
Right.
And so we are talking about when I established the agency,
that was year 2002.
And then you joined me, when was it?
2012.
2012, Pabla joined me. I was searching for a client service director. And there were actually
two talented people in Prague, ladies actually. And one of them left to Italy and she said that
we are too small for her and then I actually came across Pavla.
I knew about her, but we didn't know each other personally.
And she gave me some condition which actually changed our lives
because I fulfilled the condition.
the condition was
if I will go with her
for the sailing trip into Caribbean
she doesn't have a crew
she will start working for me
I went
into Caribbean with her
and back then her boyfriend
and because
he was my friend
yes
well
You know what? Everybody has some past.
And so then Pavla joined me.
And what happened?
The agency became one of the largest private digital communication group
and media group in Central Europe.
Wow.
We had customers like Mercedes from Germany and O2 Czech and Slovak Republic complete marketing budgets and e players
And we've had more than 150 employees, great numbers.
And in 2017, Publicis Group came across.
and after
let's say two years of negotiations
etc we've signed a deal
there was some earn out
until end of 2021
and
and that was the end of our
advertising career
do you want to jump in
I can jump in
so my background is advertising
I did finish my university, mainly economics, but then I come across advertising and I liked the speed of it, the innovation, the energy that was coming out of that.
So I joined traditional big agencies back then in Czech Republic.
I spent some time also in Spain.
And then, yeah, I was searching for something new.
I met Michal, who was running a digital agency while I was working for the traditional TV commercials, radio, billboards and all this.
And I felt it's a great opportunity to learn something new.
So I started working for him.
Then we became business partners.
He offered me part of his company.
And then actually we became life partners.
and I think when Michal was referring to this
selling the companies and the deadline we had
there was one big motivator
and I know we will get to it later
but this is actually how we got together
as partners in life
because there's one funny thing
we have birthday on the same date
he's just one year older
it's the 22nd of June
if somebody would be interested in
Yeah, you can send us presents.
Very random.
My brother's birth date as well.
Oh, really?
It's happening all the time.
That's great.
There's something about this date.
I don't know.
But back to the story.
So we were celebrating our birthdays.
And the other day we went to this lake close to Prague.
And we were swimming there, sailing on a small boat.
And I had this idea.
and I think I still had some alcohol probably running in my veins
because I said from the Czech Republic,
no sea swimming in this nice lake.
It would be great to sail around the world at some time.
And actually he looked at me and I was like, that's a good idea.
And since I articulated and I said it loud,
now I'm much careful with him what I say loud.
Give your ideas to yourself.
Exactly.
But that actually put us together as well.
And from like growing the companies to selling it to passing it,
it was actually one of the key motivations for us.
So we are able to go and sail around the world on a sailboat.
So, yeah.
That's amazing.
So I'm sure it's all public information,
but whatever you're happy to share about the sail.
And, you know, how did that happen?
And how did that go down?
And how did that feel once you'd actually kind of broken the chains for want of a better term or phrase?
Yeah.
Well, I always put that into comparison.
Like imagine your daughter leaves your home, finds a boyfriend, gets married.
And that's the moment when you sell your business, which is your child.
It was actually 16 years nonstop work, weekends, evenings.
It was really intensive.
What happened right at the date of the signature of the signing, I planned to create a huge party for all the people which went with me throughout the journey.
And I remember that moment when I left the office,
a lawyer's office, I started to feel like really sick immediately.
And I went home, no party happened.
And then three months I was really in the bed.
I was having temperatures, et cetera.
and they discovered like all those staphylococcs, streptococcs, etc.
So you know what?
I was pushing it so hard last years
that I didn't pay attention to my body.
And then I realized I cannot live like that anymore.
So Pavla's idea about sailing around the world
actually became top on the priority list. And so everything what we did was finish the earn out
and then just go and sail and we will see where the sailing journey will take us.
Were you already accomplished sailors at this point? You'd been sailing your whole life?
We started when we met together. So I think we had like eight years of experience, mainly
Mediterranean Sea, but Greece, Italy, France, some Caribbean, never crossing something like
Atlantic or like never crossing the ocean. That was first time on the journey. And we managed to
get kids along the way so yeah looking for the right window when to take them right when to sail
so they are not too young or too old uh so apparently it all uh merged nicely because the
earn out was for three years uh so we were and they were when we started the journey they were
six and eight so they were able to swim in case they would i don't know like fall unexpectedly
or something so they were able to somehow survive for some time and they were also not too big to
miss uh the social socializing and their their counterparts uh so i think it was the right age
uh and maybe by earn out do you mean there was a specific time that you weren't allowed to compete
or open a new business or something by earn out i mean because uh the deal was put in a way that
you get some money in the beginning but because advertising is a lot about people business
the the buyer wanted to make sure that we are integrated integrating correctly that people will
not leave in one year so we had three years to prove to integrate and also we get actually quite
motivating uh if we are growing enough we got even more than at the beginning of the signature
of the of the of the deal so it was uh my goal to manage half of the company we had some other
partners and basically to make sure we follow the earn out we get the money and then we are
we hand it over and we can we can uh we can uh leave well because we were merging um two different
cultures 400 people on publicist side and close to 200 people from our side
they were coming from the it's called above the line like atl tv commercials etc brand building
and we were the digital guys you know online advertising directed performance driven
a lot of technology like data management platforms etc etc and and so we were remunerated or motivated
by success which in this case was imagine you have a global brands like mercedes-benz or
Coca-Cola or Procter & Gamble.
So those clients,
maybe they still have, but back then they had divided budgets.
The digital budget was growing.
The ATL budget was shrinking.
So our motivation was actually through the ATL
get to the digital departments and bring the revenue.
And we actually successfully did.
A majority of our key people are now keeping the main positions within the group.
It was presented as one of the biggest successes here in this region,
when quite significant players merged together.
Because we've got, if you want some numbers, that's what people are always asking about.
The total price was never communicated but the principles Publicis was traded on the stock exchange let say
uh 13 multiple back then um on ebida so we knew that we have to be slightly below
we've got multiple I think around 10 so that means our revenues brought into the group will
still make the difference on public on the stock exchange right so the multiple was around 10 when
there was a signing but at the end of the earn out period the effective multiple was actually 18
because we've grown thanks to their clients and thanks to their budgets so the main condition of
the deal was everything related to digital media comes to our numbers even the revenue comes from
your current clients.
And that was the trick.
Because we knew
that the digital budgets will grow
rapidly.
And
then 2021
we've said
Arrivederci.
Love it.
So now you've got the boat in place
I'm assuming.
Was that a big
undertaking? Lots
of things to consider?
you know yeah to to sail around the world was the goal um or to certain parts or like you know
there's a lot of planning to be put in here six and eight year old kids uh taking them out of school
uh communicating all of this crazy plan to both sides of your family and your friends
and your colleagues who are all looking...
I see your eyes there, Michael.
You're remembering those conversations clearly.
Yes, exactly.
I just had the picture in front of me.
Well, we've had two boats on lakes in Czech Republic
and like after each other.
and then two boats
on the sea.
One in the Mediterranean.
We sold it and then we bought
a special design boat for the circumnavigation.
We did some
races, some trainings.
We spent a month, a year
with kids usually sailing somewhere.
So there was a preparation of our skills.
And they train you for worst-case scenarios, I'm assuming.
Yeah, they did.
The ones that they expect.
Well, actually, we were watching a lot of content.
All the YouTubers, we were following them.
and then what happened we went to Düsseldorf there is like the largest boat fair or festival
exhibition um and uh i met jimmy cornell which is absolutely fantastic uh
sailor he is more than 90 year old i i think he's actually 92 3.
um his origin is from romania but um his parents left to england
I don't know when after second world war and then he became a sailor he was a BBC reporter
and he sailed I think five times all around the world with his kids he was educating them on the
world etc and uh and i accidentally met him and uh we started to talk about our dream and his
successes and he said you know what i'm organizing a regatta uh would would you join me of course
immediately we've confirmed and uh because it's much easier when someone else is preparing the
journey and the harbors and the weather forecast etc and so we've joined regatta by organized by
jimmy cornell uh and that regatta was leaving uh in the fall or winter of 2021
yeah um a little bit of covid nonsense going on as well at the time oh man yeah
we forget right so easy we so quickly we forget like i remember when we were preparing to cross
because to cross the atlantic it took like one month preparations to get the like the boat
technically ready to you because the on our boat the the period to get across the atlantic it was
in the end it was 21 days we were promised about 18 but then we were getting less wind
and you just see that the estimated time of arrival is prolonging day by day.
But so even like you have to pack the food and all the necessary things you might need
for such a long journey, you have to figure out what will you do over the day with the kids, right?
Because they were still quite small.
And when you were asking about like the friends and family, when we said our idea to them,
my mom actually my mom and her boyfriend who were also sailors never that big they prefer to have
this you know nice drink on the board of the boat and just be on the anchor and enjoy the sun and the
water so my mom was so nervous that something would happen to us and she said I'm not able to
stay like you know on the dry soil and wait for the news when you cross so I better go with you
which was actually great so we had two more adults uh for crossing the atlantic she is a doctor
her boyfriend is a sailor so actually very good companions and actually i was surprised that uh
we were not having any like people are always asking like did you get any bad mood and any
arguments i have to say we never it was actually very in this perspective there was not no problem
and it appeared to be very helpful um yeah mainly because of your seasickness which
never appeared before when we were sailing in mediterranean but pavla was sick for three weeks
man it's uh uh i mean i i never experienced her in such a condition like that uh this is like
Before you go on the whole big trip, did you not think, well, perhaps this is a bad idea then?
No.
I always was good.
Okay, it got worse with pregnancy.
Before I was pregnant, actually, I had never seasickness.
Then I always had like one day and then it went away, which is quite normal, actually.
Many sailors got seasick, surprisingly.
I had some medication, but it basically didn't work.
the waves across the Atlantic are much different to the Mediterranean or like even to Caribbean.
They are bigger, longer. So my inner ear wasn't able to stabilize probably. So I was seasick like
all three weeks. It was, it was terrible. I forgot. Sorry, it's gone. You have to look to the future,
but that was, that was tough. It was actually one of the problems why then we were discussing how to
move continue with the with the boat with the sailing and we kind of reformulated a bit the
agenda we decided to stay more in the caribbean and enjoy it there because yeah one one one
atlantic or one ocean crossing was actually great experience but uh yeah i think for many sailors
you don't even do it once in your life so we felt we ticked the box um and then yeah so we were we
stayed in the caribbean we were sailing there it was actually great time um yeah uh kids were i
think they are in the great age even now they are 10 and 12 so you are their partner they can do many
things with you suddenly right and we before were not used to spending so much time together
hard working you know i always had some nanny uh and some other support so i can work uh even over
my maternity leave
basically so it was actually
great
but then we got
we got like
well we were sailing
or you want to say it
well because we've decided
that we will not continue farther
across the Panama Canal
we decided to put
the boat for sail
and
because it was kind of
how to say, like a special boat,
Amel 50.
The production capacity is 13 boats per year.
So we knew that there would be someone interested about the boat.
And some German guy actually contacted us,
But he had one condition to bring the boat back from where we were which was Dominican Republic back to Martinique where is a large shipyard or the capacity because he wanted the professionals to check the boat about the conditions
We said no problem, it will take us three, four days to sail south.
we said hey kids
this is our last
sailing trip on this boat
so prepare
all your things
start packing
and
we left south from Dominican Republic
and
what
happened
after day and a half
when we were sitting in the
cockpit listening
some audiobooks with kids.
It was quite nice wind.
I think like around 25 knots.
It's like great sailing condition.
You know, the boat has like great speed.
And then the boat started somehow moving strangely.
That took like 10, 15 seconds.
because when you are a sailor, you are always focused on what you can hear,
how the move is happening.
And then I looked out from the cockpit and then I saw something
what I never wanted to see.
The mast was 21 meters high.
and in the height of seven meters
it broke and fell off
the board of the deck
and then immediately
we knew that it would be a tough job
because you have to get rid of the remaining
14 meters of mast which is one ton of weight and you know just the main main sail was 240 square
meters uh imagine that that's below the boat and uh under the water so you just cannot easily
maneuver you have to cut everything off and also the front sails we had two sails up
up on the mast so in total the area of square meters of sails I cannot recall
so we started to cut off
the wires
ropes, sails
and
we had only one luck
that despite the broken
mast was hitting the boat it was above
the line of the water so
we knew we will not
sink at least
for some moment for some time
and that's
yeah we were trying to get some help like
from the coast guard from Puerto Rico
but they just texted with us the whole day.
And then they said, we can bring the helicopter.
It will take you out with your kids, but that's all what we can do.
Then we just sink the boat because it's unmaneuvered.
You cannot maneuver it, which we said, like, we are not sinking.
So let's keep it as a plan B in case something really happens.
Then we try to get the support from Dominican Republic
to get some private boat that would tow us away.
but then because in Dominican Republic
the country is operated
a lot by the army and
they are afraid of any human trafficking
or drug trafficking, they thought
these guys are probably either or
so they didn't allow any
private boat to help us
so we knew
we had to help ourselves
so basically day and night
we were trying
to figure it out and then
to cut it short because not everybody is sailor
not everybody
how was the weather holding up at this point
because you just must have been
stranded at this point
and what was the material
how did it just snap like that
well
it was a
material
like a
fortified plastic material
which is used for
it's aluminium
it's
like it's like meter or around two meters um perimeter sorry for english so you can't even
like hug it like it was that big right you cannot hug it around uh that was massive
but of course it's it's not uh solid uh you know there are within right okay for for the ropes etc
uh what happened is that i have a pencil here right so this is the mast and uh there are supports
with a inox wires from the front into the back and onto the sides what happened uh that the
furler
from the main
sorry front sails
was electrical
and
because everything was controlled
from the cockpit
so
most probably
the furler
was so strong that it actually
broke
the inox
wire which was
at the top of the mast
then the front sail
the support of the mast fell off
and the mast
didn't have the support so it broke
in the 7 meters
and this 15 meters
fell down
this usually
doesn't happen so don't be
well
I was asked
if I would buy again
the same
boat
or the boat from the builder
Amel
I said yes
it's so great boat
actually it happened
to them only
once in their
I think 65
year old history
it's like
it's so quality boat
that
it's like
it's not super speedy but it's so
quality it's like
Mercedes G
in comparison
with the other Land Rovers
etc so it's like
it's solid yeah
so now you've got
you've got a
snap mast
14-15 meters of it
still attached to the boat
but hanging over the side
the coast guards won't come out and help you're in the middle of no it's not like other people
are sailing by that can just come and help you uh it wasn't a shipping lane was it burning chance
uh yeah well uh for non-sailors is good to mention that um on the top of the mast you have light
night someone can see you farther let's say few few nautical miles you have a vhf radio
and you have a rudder all of that was gone the only thing we had was the satellite phone
So as Pavla mentioned, the US Coast Guard from Puerto Rico, they said, well, they will come
with a helicopter to save us.
Dominican Republic, manana, probably meant.
It was, you know, for, I don't want to say anything rude about the Dominican submarine.
And so, but there was a shipping line, that was your question.
During the night, I've seen like the big container ships farther in some distance crossing our path.
I knew that they cannot see me on their radar.
So what I did, I did from some wire remaining on the deck,
I did the antenna around the boat,
somehow connected it to the VHF in the cabin.
And so I hoped that I'm sending a signal
so they can see at least some object i will never discover if it was working but we are alive
i have a picture early in the morning like after sunrise let's say 6 30 in the morning
There is a container ship 200 meters in front of our front of the boat.
The container ship doesn't steer fast.
The container ships, when they start steering, it takes them 10, 15 minutes
to start when they are running on the speed on the full speed so they wouldn't actually
change their direction they would just pass through us but what happened right after this moment
we got rid of the remaining 14 meters of mast and then we were able to start the propeller
and so there was nothing blocking the boat under the waterline
because the mast was like a sea anchor.
We were just drifting.
We would drift for a few days until we would hit some rock.
If we wouldn't get rid of the mast
and uh so how do you get rid of the mask because you've got like you said the iron
wires and obviously there's all the sheets so these aren't easy to cut you know by design yeah
well uh i had the uh the electric uh flex um um when you want to cut something have you sorry
some iron when you want to cut some iron you have this uh it's called flexa or um
it's a it's a yeah you can google it then i had uh a huge like scissors for cutting
the ropes but what was the most handy thing was the saw
for the iron.
That was the fastest
thing.
So we cut it off
all the wires.
You have to, like,
excuse me for questioning more and more.
I'm not a sailor, but
if any of those ropes get caught up
around the propeller and you
free the mast,
you're going down with it,
I'm assuming, because the mast is going
go straight to the bottom yeah well uh what would happen is that uh the proper would get stuck
most probably with that movement it would create a hole from the bottom to the engine room
so then we would start thinking sink immediately
Get the boat water.
So you're underneath the boat at some point, I'm assuming,
with a mask on.
Absolutely check.
Was anything wrapped up, caught at all?
Not at the proper, but I had to dive down.
Pablo was holding me on the rope.
Yeah, because of the current, obviously.
so yeah and um uh so i was just on breathe
dive down let's say into three four meters uh i cutted the the ropes below the deck
and i went up breathe again down it took us like i don't know half an hour and um
And in the waves, when everything is moving below the deck, that was...
With the open knife, it was super dangerous.
It was not comfortable at all, because if something would happen to him,
which was very likely, I have no idea what I would be doing there on my own with two kids.
And I was wondering if I would be even able to pull him out of the water,
if he, I don't know, got hit or something.
So that was not easy.
but then luckily because the boat was moving all the time on the waves,
the mast was constantly, it's like when you have the teeth
and you try to get it out.
So that was happening to the mast.
So we were lucky that after this 24 hours or something in the morning,
the other day, the mast fell down by its weight.
So we pulled it on the board and were able to start the engine
and just go back with the mast across the boat broken.
Yeah, we took it.
I'm not sure if it's understandable.
You have the seven meters.
This is the 40 meters.
It goes like that.
And what happened that at the bottom here,
that was still moving.
That was the effect which Pablo was talking about.
What happened that it fell on the side
and it lifted up this 15 meters with it uh-huh and so this is the boat and then all
both parts of the mast lying on on the front of the of the boat so there was nothing below the deck
wow and uh and then we were able to to so you're under just engine power from that point
how much fuel did you have
on the forecast?
This boat has
if I recall
properly
900
liters of
diesel
it would
That was luckily not the problem
that would be
deep
We had a full tank
we would be there for
a week or
week and a half, for example, we would be able to go on the engine.
So then we've arrived back to Dominican Republic
after 36 hours.
And I remember
we've arrived to the bay and there was a huge
motor yacht with a helicopter on the deck.
and I remember that
boat was standing there
on the anchor when we were leaving
from Dominican Republic
I checked it out and it was
Jeff Bezos
Jeff Bezos there
and we arrived back
I said
you probably heard us
on the radio
you didn't come back
you didn't come to save us
since that moment
I'm not buying anything on Amazon
it took me half a year
and then I started to buy
stuff because there is no other way
yeah
so
how
at what point did you think
this is it like we are
possibly looking
at death directly in the face
well there was a moment when i when i was uh below the deck um in the water in the water uh i'll
that's i don't know how to describe that in english i will try sorry for my english but um
when you are diving down holding the knife and it the waves are moving with you what happened
that I saw that I'm being lifted up
towards the deck from the bottom.
And I wanted to protect my head,
so I put my arm between the deck and myself.
And actually, that was the moment
when the knife ended up on my neck.
But thanks God, the other side.
that the sharp part of the knife
was on the other side of my neck.
So it kind of forced you to punch yourself in the neck
with an open blade in your hand.
And the open blade was...
Yeah.
Holy crap.
And in that moment,
I will not forget until the end of my life
because in that millisecond,
you see everything what will happen after you will die below the water because that
that was i thought that actually i cut my neck uh and i immediately i actually realized there is no
blood around me in the water so i was okay but but the thought was she up on the deck with the kids
with a unusable boat um 150 nautical miles from the shore which is close to 300 kilometers
nobody there um uh i i i don't want to imagine what would happen um but uh at that moment i
said to myself hey you know what this is the end of the rodeo yeah um but but since then we are
always talking about uh finishing the project and sometime in the future we will try again
sail around without kids without kids that was right because that because it was our decision
to take them it was not their decision and actually along the the sail we had we met many
many adults with but older than us already with grown-up kids who were usually studying university
or already having some first job and they were actually coming to visit their parents on the
boat and we felt maybe we just went too soon maybe we need still some time maybe still do something
back home and then we sail on the journey later So yeah we have it somewhere in the back of our heads that we would like to maybe get back since then actually
we sold the boat we repaired it
we sold it
we haven't been on a sailing
trip yet
our kids actually it was not
now we are making
jokes about it but for the kids it was actually
super difficult because they were
small it was much harder
for them to make fun
you know to release the stress out of the experience somehow so like our son he was
like very worried about us everywhere we were like we were passing the street he was worried
about us like holding our hand like be careful of the cars and our daughter she was having some
nightmares too like she was waking up at night because it was really not easy and I have to say
all throughout the whole uh time you were trying to to solve the situation they were absolutely
amazing they didn't ask anything uh we have this we taught them this throughout like since they
were little on the boat anything happens they have to go into into the boat stay inside and wait
there which they did uh greatly they i don't know how they managed the whole day we were working on
the boat they didn't ask for food didn't ask for for for drink they didn't ask for anything i don't
know what they were doing there but they just didn't come and they didn't create any problem
to us overnight uh it was um yeah i'm sorry i'm if i will start to cry sorry because it's coming
back to uh the memory so it's it's really still it's quite emotional but over the night um we were
I was Michael was on the board signaling and I was inside with them and this was not that he had
this strong moment with the knife I was having this where we are all in this light vest and I
have I'm like holding their hands I have two backpacks next to me like one with personal
belongings the other one with some basic stuff and I'm constantly like reviewing if we start
sinking there is this uh life raft i just have to grab the kids grab the bags backpacks and just go
there and manage all of us into this life wreck and that was like my like the scenario that was
going through my mind the whole night in case the worst thing happened luckily i didn't have to do
it it didn't happen but uh it was yeah uh we touched the bottom i have to say uh there the
only trouble is we did it deliberately it was our own will right we went for the journey because we
wanted uh to fulfill our dream so that's uh something we had to put up with that but we took
it a bit maybe as a sign uh that kind of you know the i don't want to depends on what you believe
if you believe on god or in karma or in some other like some other thing positive energy release so we
felt we got our life
back. We didn't die, so we should
do something good
to the society. No, I have to say
that. Say it.
Sorry, we don't give you much space for
questions. No, that's great. Go
ahead. Another idea.
I said it out. Another idea.
I said it out. Yeah, exactly.
But
we will get to Bitcoin.
And you also said it.
So now you see who is the influencer.
I'm just the doer.
She said, you know what?
We've survived.
What about to do something for good?
To return back to the God that we are here.
and the first idea was oh my god i will i will do some non-profit activity
like it doesn't go with like my how to say your personality my personal
I do things for good, but non-profit activity, that doesn't sound close to me.
It doesn't ring the bell.
It doesn't ring the bell, yeah.
The second idea was, oh, you know what?
I met in 2019 a presidential candidate.
he didn't knew that he was going for the campaign
back then in 2019.
For the non-Czech listeners
I have to mention that we had a president for 10 years
from 2012 or 2013 until 2023
whom was
like a super
idiot.
Someone whom
we were not proud of at
all.
Smart guy.
But his behavior
like
He became
pro-Russian.
Pro-Russian doesn't have to be bad, but
he was a Putin's kind of
slave.
and
so with a friend of ours
we actually found a person
who might fit the need
he was the
how to say
he was the highest soldier
in NATO
N-A-T-O
and
his mandate
ended, I think,
two years before, like 2017.
And then
he started having
some public discussions, etc.
And we've seen a talent
of someone who attracts
masses
of people.
So
when we signed the deal with Publicis,
a friend of ours
approached me
and he said, hey, you know what?
Now we have a lot of time, of course. Let's do the presidential campaign.
So for two years we were preparing some road shows or discussions all around Czech Republic.
And then I said to the team, which was already built and some activities were happening, I said,
you know what here is the team we are leaving to the sailing journey yeah and uh now now we are
back uh on the shore saved on dominica republic it was uh it was march 2022 and that
idea which she mentioned was let's do something for good i said you know what let's go back to
and let's do the presidential campaign and uh so we came back she started to be the campaign leader
manager like the the one running the show when i was doing the the fundraising and uh and uh after
almost a year
he became our president
current president
and
we fulfilled
the promise that we will
do something for good
for free
and then
we said
end of politics
we don't want to
have nothing to do with it
and let's go back to business
so
how has that
changed the country
so far?
has he upheld promises?
because this is the problem with politicians
they say whatever they need to get voted in
and then all of that falls away
as soon as the rubber meets the road
well you have to tell us
you're observing us from
abroad
I hope something has changed
I have to say
I don't think we would go for any other political campaign
because we have a direct voting
for the president in the Czech Republic
so people are voting directly
so it's about one person
which is very easy to research on the person
to check his history
to know if there are any problems
with his past or her past.
And we knew that this guy
has tremendous credit.
He used to be on some
like, yeah,
like, it was like
foreign missions as well.
He got even some rewards
for that.
French cross
for saving some soldiers.
And actually, it was almost like reading
a novel of some hero, right?
Which was even surprising.
And then we
Michael knew him before
and when I met him and the more time
I spent with him I realized that
he's actually surprisingly
for the political environment
he's a guy with very solid values
and if he basically doesn't want to do
something he will not do it
which was actually for the campaign
it's actually not that good because
you can't just tell him do this do that
or you know just start doing this because
people will like it
but for the
for the later part of his career,
for becoming the politician,
actually, it's actually great.
And when I see it,
and I'm now consuming his activities
more like as a daily,
like everyday citizen,
because we no more at the Prague Castle I can see that he still committing to the same values he had and he will the fact that he can do many things now he will not misuse it
That was actually very important for us. That's why we decided we can do this.
We probably would not be able to do this for political party, etc. But yeah, he's a great guy.
This is Peter Pavel.
Pavel, yes, it's Peter Pavel.
and is there a bitcoin connection there anywhere well he got the book to study
and he signed the law in czech republic quite quite awaited one regarding the taxation of the
crypto assets in general so i have to say that the environment is good i don't think he has that
much time to study it more deeper.
But I think
he mentioned once that if
our family is in
Bitcoin, he's not worried that it will
go far.
Yeah, that's
true. Where did you guys find
Bitcoin then throughout this
whole thing? Pre the sailing trip?
During? After?
I remember
my CFO
in 2016, he came to
me and he said, you know what, you should buy some Bitcoin. I was like, what is that?
And because, you know, there were a lot of other, how to say, like digital credits before
used for some purchases, et cetera. Right. So I was like, it's just another one. I didn't
have time back then
to study that much.
I listened to him.
I bought 10 pieces,
10 bitcoins.
And then
I said
a few months after
I said, it's some kind of a joke.
So I sold it.
I made
10% profit
on it.
What a winner.
And then when we sold the business and I had, of course, when you get some money, you get a problem.
it's a different kind of problem of course
but
I always say
when the money stays
on your account
they start
rotting
they start disappearing
the value starts
and then
I started
I hope to say
different investments
real estate
diversifying
diversification exactly
and some wealth managers
etc
and
of course in 2020
COVID came
and then
everybody knew when there is a
printing machine running
the inflation will come and
it brought me back to Bitcoin
actually not in the COVID
time I think before and and so I started to believe but it was still not main
main part of my focus we are quite heavily in real estate
investments we are changing plans and we are preparing one let's say like no no I
mean the city comes water water water in Prague and and and actually Bitcoin is
like our main focus right now in terms of activities but portfolio wise not there yet
yeah well i actually lost my uh my you get to bitcoin i will tell you guys uh
tell me how how it was from my chair yes okay he comes home one night and he's just gone crazy
But kind of quite similar.
Okay.
We have pushed part of the portfolio into like indexed financial products in S&P 500.
So I was watching Bloomberg for like half a year all the time at home and various other reports.
And he was coming to me like all the time.
Look at what this stock exchange is doing.
Kids were looking into his mobile and the evening they said, okay, it's green.
so the stock exchange is good oh it's red it's a bad evening tonight so this is how it looked like
for some time at our home and then uh exactly inflation the the maybe overheated markets and
actually michael went quite deep was studying it a lot uh he even uh set it up one company uh around
smp 500 investments but that's not the topic and then he started coming with bitcoin that actually
it can be another interesting part of the portfolio.
It's actually a great invention.
We see it more as a store of value rather than like a means of payment.
We are coming to Bitcoin from this part.
And he was coming so long that I started to study it too.
I had also some previous experience before, but again, as him, I put it aside.
So I started studying it and I realized that it's actually a great invention.
it's quite technical for me
I'm not that
I don't feel that
skilled but
in terms of the philosophy
in terms of
the history and how it was
created I just realized
it's wonderful, it's great
and I probably said it
I can't believe I said it, I probably said let's do something
around Bitcoin
I did not realize
that again
So now she's heavily in management role again.
She's CEO of Inviti, which is part of Satoshi Labs.
Their main product is hardware wallet Trezor.
But I have to say one thing.
This is how my husband is fulfilling my wishes.
I just said, let's do something around Bitcoin.
And he met guys from Satoshi Labs and bought half of the company.
No small tasks.
Yeah, that's amazing.
It's a mission.
So, Inviti, that's the project that you guys have launched.
Yeah, let's let everybody know what it is, how it works, and what your vision is.
Okay, good.
So, Inviti is part of Satoshi Labs.
it's a mobile app
that's the vision for
that is to become like a Bitcoin
neobank
offering people easy
buy, sell, some investment products
invent strategies
some
staking products as well
so that's the goal
we realized that we are entering
the market in the period
where if you want to do business
in crypto in Europe you need to be
licensed so we
passed this
over a year long procedure
to get the
Mika license so it became
the Casp company
which is a big step
I think it's a big change in the European
Union as well
I think it has pros and cons but
that's another topic
so we are happy we can operate
in the European market now officially
and
yeah
Our goal is now to bring new users in.
I love the mission that I want to have the orange pill,
the European Union.
So I believe that everybody should have,
should have a piece of Bitcoin in their portfolio.
And it doesn't matter if you're like, I don't know,
if you just have your first job and you can put aside a little,
or if you're like a big entrepreneur who already has big portfolio.
I think that's great.
One of the great things about Bitcoin, it's for everybody.
and that's the goal for
our app now to
get new users, spread the word
of Bitcoin, make it easy to access
make it easy to buy
and to develop your
understanding of this great
invention
it's covering
we always say full family life cycle
covering all the needs of
family members
so we are actually
designing it for ourselves
like for my mom, our kids, our investment needs or just savings.
And what is also good here in this country,
that right now we have a Czech National Bank governor,
Aleš Michal, also very heavily pro Bitcoin.
he made the announcement didn't he just recently
that a million dollars or a million
yeah exactly
I'm afraid it was less
what they did
I just had a dinner
last week with him
they did a testing portfolio
of one million dollars
that's true
but there are mainly Bitcoin I don know how many pieces plus some Ethereum and they bought
also Sailor strategy.
But why they did it with such a small amount for Czech National Bank, it's a testing portfolio.
a process of convincing the other board members and the public of course um but now he is going
to have a speech at uh btc event in las vegas so i don't know if he is going to be before or after
Michael Saylor.
So
it became his topic.
Of course,
he isn't
that
popular in the
European Central Bank.
I had a question about that, because
I can't remember if I had a rumor
or if I read something that
Lagarde was very
unimpressed, let's
say, with the announcement.
Yeah.
Yeah, he was, when he mentioned that to me, he was very polite.
He wasn't, I can't imagine how the call looked like.
But I remind you, was he contacted?
Yeah.
Directly by her or from the ECB?
By her.
Wow.
Oh, yeah.
Hold on, Christine.
It's happening.
Of course, from the
Central Bank or European
Central Bank point of view, I understand
that they
need unity.
Unity, of course.
On the other side,
for the listeners, you know,
Czech Republic, we are
still having our own currency.
Czech Republic.
uh so we are not uh in the euro zone you know not yet um of course for the business
sometime you know we are pushing to have to accept euro uh but it has also some advantages
like um having a bitcoin in our currency reserves so there is a little autonomy there for uh for
for him to do that then.
That's awesome.
Exactly.
There are also other people
in the parliament.
For example, next week
there will be a meeting
with an ICT board
within parliament.
They are asking
MICA licensed companies
how to improve the law etc so there is a movement happening well how difficult was that mica license
because i had julian linegar on from relay and they're based in switzerland and they've been
around relay have been around for many many years in the you know in this space they're very well
known it took them so long and it was so costly and it was just like bureaucracy after bureaucracy
are the bureaucracy.
They would send it all in
and then it would come back
and it would all be crossed through.
Now you've got to change this.
So they'd change it
and then send it back in.
But then someone else would read it
and they've got to have their little,
you know,
they've got to validate their position.
So they'll cross shit through
and then send it back.
Were you experiencing the same problem?
Well, Pavlo will cover that
before I have to mention one thing.
Czech National Bank received
248 applications.
If my information is right, in Germany there were 10 to 20 applicants.
In Slovakia there were 6 or 8.
But Czech Republic, most probably thanks to main two factors,
which I see is reputation of Satoshi Labs and Trezor,
also brains, the mining pool,
And our governor did a huge PR in Financial Times a year ago.
And that was probably the effect why there were so many applications.
Out of those 248, only six companies received that?
The first batch, six companies.
Maybe a few are coming, but we don't know.
Yeah, and the process.
Yeah, well, we joined Inviti when they were already in the middle of the application process.
But I can only confirm that it's a huge bureaucracy.
What Czech bankers told us, because we are talking to Czech banks, discussing some cooperation,
they told us, oh, this Mikhaila, that was meant for us so we can go into crypto business.
That's why it's so difficult for you.
But for us, it's like a piece of cake.
That's what bankers are having jokes about.
And actually, when we went through the process, I actually can confirm,
because you have to basically have to create process for everything.
Everything has to be monitored.
Everything has to be archived.
Any small change like you would probably be able to do as a startup
or some new company relatively simply,
easily and with little cost suddenly is now moving into much bigger project.
I know that the application we submitted, the first application had over 3000 pages.
So you can imagine how much time internally of the people, how much legal external work,
how much money we have to spend to create this, to map the processes. And then of course,
that's the second part of the fun now uh i think everybody who got the license is expecting that
their the national bank where they applied might come at some point to do some check for sure yeah
you have to start reporting to the national bank uh and all this so one thing is the process it took
i think year and a half uh to inviti uh to be able to submit uh few new positions were created so
your people costs increased i think we like four new positions uh i'm not mentioning the the extra
work the current uh people have to do like from cto to developers to product managers to marketing
as well basically so um it's uh it's i think it's it's it created a huge barrier entry to the market
now in union i think it i cannot imagine that you just go and start a company with that um so
that's tough however what we realized when once we applied for this and we are now like putting
the processes uh like in in alignment with the procedures of national bank it's much easier for
us to apply for any other license financial license basically so this is what we have decided
that we will go for another licenses to be able to, let's say,
serve a fuller cycle of the service when you have the services of buying,
selling and some advanced strategies and you want to do some business
or you do business accounts, you want to do business loans
or current loans, et cetera, so that we are able to absorb
as much as possible by ourselves, by the company,
and not to have third-party contracts or suppliers.
So this is the good part. I think maybe if I try to be positive and I look at it from the end user perspective, I think and I hope it will bring a broader adoption by the general public that it has a stamp of a national bank, of a European Union.
maybe the Bitcoin is not this kind of like darky, creepy thing.
Probably it's something that is a mass topic,
which that would be great if this would happen.
We expected that the adoption will be faster in terms of like,
and this is what I was surprised when I entered the crypto business in general.
To open a standard bank account and to operate as a company,
it's super difficult.
You have to go to really like different providers, not standard banks.
for them the crypto is like don't touch and it's still quite complicated even we got the paper
uh for the advertising platforms uh to have a google account we are inviti was not able to
now finally we got the license so we are able to start advertising standardly so these kind
of things are good but i think i see it will still take some time uh for uh for adoption and what is
happening when we talk to the banks uh they are all of them all major banks in the czech republic
are considering to introduce at least some closed loop for bitcoin purchases or some other other
cryptocurrencies to test it and to and to develop further so uh i think uh in terms of bitcoin
adoption i think it's great uh because it will be much more accessible in terms of the innovation i
I think it would be very hard because big banks will not be innovative.
It would have to be more like companies like us or some other across Europe
who will be bringing innovative products to like challenge the status quo
of just buy, sell Bitcoin.
Because this is, we actually have a bit of like kind of fiat approach to Bitcoin.
This is what our colleagues are telling us.
So you stack Bitcoin, but then it sits there, right?
And I know it's meant to sit there.
On the other hand, if you look at your investment portfolio, Bitcoin being part of it, we believe that you can do actually even more than just stacking.
You can probably use it for some.
leverage, you can use it for some tokenized products, etc.
So this is where we see the future to be innovative and not just to do the traditional buy and
sell.
This is what we would like to bring to the users.
Because the old claim of Warren Buffett, why he didn't like gold, because it sits and doesn't
pay any dividend.
What was happening to Bitcoin?
If Bitcoin will sit at the levels where it sits right now,
because if you look at it from the perspective of last two years,
there is no like a small gain, right?
Or value increase.
So, and as the adoption of Bitcoin is rising into the masses
or like a retail public,
then this question will be definitely more and more common.
Is it just a store of value or is it an underlying asset for other investments?
Pavla mentioned, because we've established another company,
which is called Next Wealth.
And it's just 30 friends of mine
whom we are maintaining their wealth
in Switzerland within the big banks
like UBS, et cetera.
And so I have actually direct exposure
to other people,
how they are changing their perspective
regarding investments.
And two-thirds out of those guys are actually considering that Bitcoin is interesting.
Everybody has to have it.
But what to do with it?
Like, it's a pure digital, boring gold, which is great.
but on the other side there has to be some other products which are safe for the for the customer
but to be able to multiply the gains as pavla mentioned like other other forms of investments
well um so if we just back up back to ebiti so when it looks from the the ux side if somebody can
download the app it's across europe yeah yes you can download the app from across europe then you've
got the service you can buy bitcoin you can buy you can sell uh we have this uh auto send to a
hardware wallet so we can provide custody to you but of course we prefer you send it to your hardware
wallet or wherever you want and then we have uh strategies we have simple one where the traditional
dca uh to two more advanced and actually uh we have business accounts too so you can buy not as
an individual but also as a as a like entrepreneur and uh actually we have this product which we uh
launched uh last year uh autumn and it's actually triggering a lot of emotions but also new users
it's called turbo buy and uh i can't buy buy basically you're sticking faster uh so you set
up this automatic automated uh buy and you set up this turbo and we are buying 60 of what you are
regular what's your regular investment so you're kind of operating with that that across the time
the Bitcoin price goes up,
but you can buy already now 60% extra
using our capital.
You pay some premium for that
and you can terminate whenever you want.
And I'm surprised how many users set it up
next to their regular automated strategies.
And it's actually, yeah,
we are now preparing some other functions to that.
So now you can set it up with Bitcoin,
but we would like the clients
to be able to set it up with Fayette
so you don't have to spend Bitcoin, etc.
So a few other things around that.
Interesting.
So you've pulled together a bunch of capital
which people can use, they can access at a fee.
I don't think I've heard of that before.
Our colleague, Stěpán Uharyk,
which is the CFO of Satoshi Labs and Trezor,
he said, let's equalize the power between companies
and between individuals
because usually companies can buy using leverage much easier.
which we don't want.
Keep the power with the individuals.
So we introduced this product.
And actually we were afraid, right?
Lately like past this year like past few months the Bitcoin was going down and we were afraid that people would get liquidated But this 60 value is actually proved that we even backtested it and we didn liquidate
a single person.
And the tricky part also, the great part is as you are doing regular buys, you are kind
of diluting the liquidating moment.
every other buy, if it's cheaper
or more expensive, it's kind of diluting
or averaging
the
total value.
And the capital providers,
they're just high net worth individuals
or I'm sure?
Currently, it's just
company owners,
like Invit owners.
But we are preparing
like a
kind of feeder
fund vehicle.
Well, we've planned
or we actually completely arranged
fund which would raise the liquidity
for the Bitcoin-backed loans. But as
the market evolves and
the interest rates are actually
getting lower, we've stopped
that fund
and we are
researching
how to
twist the business focus
from only
a simple Bitcoin background
towards to
more
sophisticated products
where the interest rates will be
higher than just
regular
right now we can see on Farfish
it's like around nine percent and it will get lower yeah there's a race to the bottom in that
area right now and it's uh it's concerning because a lot of people are putting up bitcoin as collateral
and um you know my question is you know where does the fiat come from that's why i asked the
question about you know where does that pool of capital come from because if you are putting your
Bitcoin up as collateral into a black box because you have no idea where the fiat is coming from,
that fiat could be the liquidity providers, could be banks that are just printing fiat out of
nowhere. So you're getting counterfeit fiat currency, but you're giving up Bitcoin as collateral.
And if we have the market drawdown, which we've had, if you get margin call, you lose your Bitcoin.
you know, they've been charging you interest on money that didn't exist in the first place.
So having like a licensed bank as a liquidity provider and a lot of the other providers,
they don't even tell you where the liquidity is coming from.
Oh, no, it's behind a non-disclosure agreement.
We're not allowed to tell you where that's coming from.
So people have to be very, very careful about, you know, answering to these kind of things.
Absolutely. That's because we were getting various offers for the investment fund and we always went down to the end owner and we rejected many offers because exactly like some strings were taking us to China, which you definitely want.
some things are taking you.
So basically that's crucial.
I think thanks to our network
here in Czech Republic, we have actually quite
a broad network of
family offices
who are interested
because
for some,
to invest big time into Bitcoin
is still to...
For the more conservative
companies or family offices,
it's still...
Let's wait a bit.
But if you put it into investment fund
that is providing liquidity against Bitcoin,
it's kind of like a...
It makes...
It's a good start.
So you follow what...
You check what the Bitcoin is doing,
but you're not...
Your exposure is not direct to the Bitcoin.
So we realized that actually the fund
investing into Bitcoin might be interesting
for some good sources of capital
because it's like their first step
into this area for them.
It's much more conservative.
In the end, it's a long business.
It's a credit business.
So it's actually safer.
Just the Bitcoin is the asset behind it, but not the direct one.
So this is interesting where we saw that there is interest for such a product.
But you're right.
Good question.
Yeah, it's going to be, well, let's see what plays out over the next two to four years.
And that's what you're also concentrating on is education.
And so that'll be the final discussion, I think, before I ask you the last question.
because we've got BTC Prague coming around in June.
And yeah, shout out to both Matthias and Martin
that have put on, I mean,
this is a globally recognized conference.
BTC Prague is on the lips of people from all around the world So there Prague on the map again And you guys with your product as far as I aware
you're pushing to be there and have a good presence
and help the guys, support them, sponsor them,
but also get out the message of what you're trying to achieve.
And education, and you mentioned your kids earlier.
Obviously, I've got four kids,
always trying to push Bitcoin education their way.
and it would be great if there was a better way for them to access it or accessible information.
So, yeah, what are your plans around that?
Great question. Yes, you're right.
So we are partnering with BTC Prague because it's a great event
and guys are doing great work every year, better and better.
So we are planning to be there.
We have several keynotes there.
we plan to have some workshops as well
because the goal is to onboard
the simplest way right to Bitcoin
so for the newcomers or for those who are a bit more
reluctant to start
and we have this nice topic which actually
you inspired me Daniel
and that's the
when I entered the Bitcoin topic as such
I started studying etc
And then I realized for certain people, it's quite technical.
And I probably am at some boundary.
And I don't think I will be able to get further.
But there are the real life stories as you were doing the podcast about like.
And this is another way how we feel we can onboard people into Bitcoin to basically share people's stories.
Maybe a bit more generic ones.
How people entered.
and there are various motivations,
which I think all of them are very interesting and great.
So this is a special section we would like to launch
on the real user stories.
The goal is to be more accessible, more user-friendly,
more simpler language,
so I can chat with my friends over a glass of wine on it
and they don't feel like, I don't want to say dumb, right?
But just like, imagine I'm talking to Slash or Stick
from Satoshi Labs, you know, how I, I mean, they are like so many lectures.
I mean, I don't think I ever, it's even about lectures ahead of me, right?
It's a whole life.
So I feel there is space and I feel we should not forget these people who probably would
like to adopt, but it's still too technical.
And this is something, this educational part we prepare for BTC Prague.
So they feel comfortable on their like learning curve and their path to Bitcoin.
So that's the goal.
amazing well really looking forward to it and uh and seeing you guys there and supporting in any
way i can and if anybody wants to reach out i'll put uh whatever contact details you're comfortable
to share just um ping them across to me i'll put them in the show notes and uh if there's any way
people can add value uh is are you looking for any to fill any spots at the moment if anyone's
listening and uh and love the message is there opportunities absolutely uh okay if i if i uh
if i start where i ended uh anybody who has interesting story to share we're happy to to
bring it in uh someone happy to meet the meet the guys uh if there is any creator or any um
Influencer supporter, we are also happy to welcome them to meet at the booth.
If there is anybody who would love to spread the word of Inviti in any of the European countries,
we are looking even for some new members of our team.
So definitely could be marketing, could be product, maybe even developers.
So that actually definitely would be great.
so if you feel you like us
because Inviti is a lot about us now
as I mentioned we have half of it
Satoshi Labs slash stick
the other half
if you feel like we make connection
or the path of Inviti
sounds reasonable for you
we are happy to meet you there
have a chat and we might figure out
something just like what happened with
Daniel at Trezor Lounge
yes absolutely
well
last question guys
if you had one last orange pill
left to give to somebody
who would you give it to and why?
That's a tough question Daniel
Well I have one guy in my mind
we've talked
constant complainers and rejecters
Peter Schiff
but you know what
he's locked in his
position he cannot actually
change his mind
I think he's
very smart guy
he probably has to repeat himself because he doesn he put himself into the corner a guy yeah well my mine actually uh when i see where europe is going compared to other markets
like us etc i think uh it would be very healthy uh in the european union officials so they don't
they don't tie the market too much
and they are
building like environment where we can
grow and we just don't
like behind US and these
like emerging markets that would be great
so we get more support
rather than boundaries
regulations and all that
so you mean
Christine or
me
well perfect
Thank you so much for coming on and for sharing your journey.
That harrowing experience out there in the ocean really did.
What a pivotal moment to bring you into the Bitcoin world
and albeit briefly in the political world.
I know you're back out of that now and just watch from afar.
But yeah, incredible work.
Look forward to catching up with you both in June at BTC Pro.
we are also looking forward
and maybe one note
if someone is interested about
the sailing journey there is still
the website up and running
familyontheboat.com
and
do you have all the pictures on there
as well
I'm afraid we have some videos too
alright
I'm going to have to go check that out
thanks guys
Have a great afternoon.
Thanks for coming on.
Thank you.
Bye-bye.
Thank you.
Bye.
Well, there you go, guys.
Thank you again, Mike and Pavla, for coming on the show.
And get over and check out their blog, familyontheboat.com.
Yes, there's a bunch of pictures there of the boat that was demasted out on the high seas.
And videos of Michael trying to make emergency calls,
trying to alert the ships that might be passing in the shipping lanes
that would have had no chance of seeing them.
These things are just absolutely giant moving cities, basically.
The situation they found themselves in was, oh my God,
it just gives me goosebumps thinking about what they were going through with their kids there,
questioning all of those decisions.
When we did our own travel trip, we had some accidents and some bumps and scrapes along the way.
I had a hospital visit where I had an appendix removed.
we had my son's head split open and 14 stitches applied in Thailand you'd question yourself at
these points but what I mean come on like you know facing death square in the face and that story of
Michael under the boat with the knife in his hand and being pushed up against the hole and it just
missing his neck.
I'm like, oh, oh.
But look at where that brings them now.
They got home.
They helped a presidential campaign.
And now they are absolutely blazing ahead.
Full steam to bring Bitcoin to as many people.
Put Bitcoin in as many people's hands as they possibly can.
And what an absolute mission that is to live by.
I mean, that is incredible.
Like the difference you can make, the social impact that you can make.
And not just on their country.
Because they fought through the barriers that were thrown up against them to get this Mika license.
They can serve Europe.
So they're going to make a difference across a continent.
not just their own hometown
not just their own home country
but a continent
and that is incredible
so get along to B2C Prague
come and meet them
you heard what they're going to be doing there
they're going to have a very good presence
Inviti is the name of the company
I-N-V-I-T-Y
go download the app if you're in Europe
go play around with it
give them feedback
this is something that we need
more services across Europe
that are offering people the opportunity
to get their hands on Bitcoin
and stack for their families.
So thanks again, everything that you're doing.
Mike and Pavla, I look forward to seeing you in Prague myself.
And don't forget, guys, you can use that code BITTEN,
B-I-T-T-E-N, if you want 10% discount
on your tickets to B2C Prague.
Just hit the link in the show notes.
The same for B2C Ireland, going to be in Dublin,
back end of May and Helsinki in September.
Last shout out to Club Orange.
Thank you for everything you're doing.
Over 20,000 Bitcoiners across the world are getting connected.
Self custody with bitbox.swiss forward slash bitten
and get over to themeetupbreakdown.com
to find out what's going on in the UK Bitcoin scene.
Catch you on the next show, guys.